Singapore based mostly Odyssey Protocol, the decentralized sharing economic system firm, mentioned its OCpay funds system will launch in June and its /OCN token has been listed on the UpBit and Bitrex exchanges.

Based on a press launch Wednesday, the corporate mentioned its listings on UpBit (Korea) and Bitrex (US) adopted a rigorous choice course of from the cryptocurrency exchanges which have strict standards and necessities to make the lower. Odyssey additionally mentioned its /OCN token is reaching buying and selling quantity of USD 44 million and rising each day.

In asserting additional particulars about its OCN chain improvement, Jack Chen, Technical Lead with Odyssey Protocol, mentioned there’s a want for cross chain interoperability: “Each blockchain is creating a novel and remoted world. In an effort to create higher synergy in the entire trade, we cannot rely on just one specific blockchain.”

Odyssey says the event of the OCN chain is in keeping with its mission to construct a decentralized sharing economic system. “The main focus of OCN chain is within the course of cross-chain interoperability and to allow companies, particularly small to medium measurement companies, to develop, promote and handle their enterprise effortlessly,” Chen added. “Finally, OCPay will have the ability to assist completely different enterprise platforms on completely different blockchains.”

The OCN chain will energy Odyssey’s OCpay cost platform, launching in June, with the upcoming /OCP airdrop scheduled to happen from August 31 onwards, in keeping with a press release.

“With new firms in blockchain being developed on daily basis, it’s necessary to have the foresight to develop applied sciences that won’t solely essentially change the way in which customers work together with retailers, however accomplish that in a method that isn’t a walled backyard,” mentioned Sophie Guan, Mission Lead with Odyssey Protocol. “Odyssey is doing simply that – full Interoperability and cross chain capabilities.”